tv [untitled] November 16, 2012 1:30pm-2:00pm EST
welcome to business our team after three years of modest growth the eurozone is back in a recession its g.d.p. contract a point one percent in the first quarter from the early free months sparing a new wave of concerns over the future of the currency union now earlier i discussed this issue with the chief economist of saxo bank steve jacobsen he was pretty pessimistic to say. we are getting to a point where things are so bad that it can actually not get much worse i used to be. know the doom and gloom of europe and the lack of outlook now i think that we are in a crisis point and when you move to a crisis mode you have to remember we become far more able to to create
a mandate for change because not because of we want to have a mandate for change because we need a mandate for change and the fact the core europe as i just looted to is now in the same boat means that there is a more off of will and i see we've seen that this week through the increase in social tension of course through the demonstration but also from the mere fact that northern europe now seems able to and willing to accept some sort of a have caught on on greece if you were the one person to make all the necessary decisions in europe what would you do i would wish that all the politicians and the central banks would go away for two three years and i think the micro economy will take care of it but in a more serious sense i think what we need to focus on to is to make sure that we don't overdo any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is only down through the biggest and fiscal multiply of all which is to create new jobs an increase in focus and jobs
access to credit will be my two main remedies if actually all the politicians went away and did nothing the situation would resolve itself there is only i think i can prove it i mean belgium was without a government for two years every single macro indicator improved during those two years you had the presidency of president clinton being the most successful in terms of growth he did absolutely nothing to do for eight years there's a whole concept within the economic science to say stay within that the ability of policies and to do anything is actually the best conditions you can create for more growth because the inability to do macro compound mistakes creates the. u.n. eyes individuals the hundreds upon hundreds of companies are trying to rip off the evil day and will prevail over the macro negative consequences just as a final question with a look ahead into the near future do you think greece will get the next tranche of a bailout anytime soon and what are the chances that greece or any other country
for that matter will now be leaving the euro there's a ninety nine point nine percent chance that greece will get the relief in terms of extra funding next week the twentieth of november has been mentioned as the meeting where it will be agreed in chase of greece leaving i think there is more than a fair chance that greece relief on a managed to escape from the euro inside the next six months all right indeed a pretty pessimistic view there from steam jacobsen let's see if if i can get any optimism from our business desk and thus the finance guy is there for us right at us what do you think is going to happen in the years and i'm going to get any optimism from me that's for sure well i actually think that whatever the the money these most indebted european countries get they spend the bulk of it on supporting their banking sector so the real economy continues to suffer and with the downturn deepening it's going to be even harder to reduce the debt well actually you know
not everyone is that as pessimistic as you or jacobson we just listened to now we've also interviewed earlier today european commissioner michelle baron and he was pretty optimistic let's see what he had to say. sippin sees him on a we've taken a lot of very appropriate measures the eurozone has already made over the peak of the financial and debt crisis but the situation remains unstable and there is much still to be done and we are already seeing a tendency towards the recovery of growth next year and further consolidation in twenty forty that it's called the dead so there you go there are reasons for cautious optimism if you listen to me about when you come on how many times have we heard about before and have you noticed that whenever they want to say something positive about europe's recovery it's always in the future tense and whenever they want to deliver the bad news it's always a very much in the present and all these promises about this bright future is
pretty much the same rhetoric we've been hearing from the european commission for years now listen to this. beyond this year the outlook is for a temporary softening of growth next year to one and a half per cent to be followed by a pickup in twenty twitter their own two person group. i just want to point out that was november two thousand and ten basically my point is that all these austerity measures that the creditor is a demanding from europe's most troubled economies are only leading to more trouble first of all with all the way to pension cuts you basically kill whatever growth was left in these economies and then to add insult to injury you also have mounting unemployment and massive social unrest thousands of people instead of going to work go on strike how's that going to benefit economic growth well you know nobody has
a crystal ball i mean this guy was obviously wrong in his in his predictions the one that we've just listened to but i mean crises do not resolve themselves in a day or even a month and so called troy. it would not just be frying money into the drain these days if they're deciding to bail out the neighbors you can be sure step one is economic benefit in the long term well i'll tell you whose benefit it's for it's for the benefit of countries like germany europe's biggest economy that basically needs the market united europe for its products in two thousand and twelve its exports rose sharply to surpass the pre-crisis levels the peak of two thousand and eight so germany is obviously doing very well and in addition to germany and other strong european economies there is of course another player the i.m.f. an organization that makes no secret of the fact that it works for the benefit of
its main contributing member of the united states watch this. it's an institution where my main shareholder is the united states of america well any dollar any euro that is invested in the fund goes buck to the member principal and interest we not in the businesses of subsidies we're not in the business of giving grants so you've heard it yourself bailouts are not charity projects their way of making money for their shareholders but they're not necessarily a way of bringing your back to the konami health well you know i'm pretty sure that if you actually had a referendum in germany of whether the people would like to make a decision to bail all the neighbors out that they would just say no and they would want out of the strongest economy in europe they're probably better off without that but still we're running out of time thank you very much natasha. the road to the markets u.s. markets indeed up on friday void by optimism on be
a meeting between congressmen and president obama to avert the so-called fiscal cliff notes congressman have already said it's quite constructive and therefore we are seeing moderate growth but weak results for dell however have sent its shares to a near four year low now let's move over to europe that we have seen the footsie and the dax declining massively this is on the back of all this of course uncertainty waiting for greece to receive a neutron share of a bailout on monday as we've heard from our experts and level so far investors are choosing to play it safe now with all this uncertainty with with fiscal cliff investors are cashing out into the dollar therefore it is gaining to the euro the russian ruble ended with a little change and mixed in the busker currencies and the russian markets had a pretty bad week just one session of the significant growth that was yes but i'm just one percent the first day that is the last markets ended friday at a loss
a second ago some of the interesting stories on the russian markets trance now for the pipeline operator was a leading gainer investors are happy that the government set a minimum dividend payout for the company had twenty five percent of its net profit come make a solid spears the down two and a half percent as there's talk of may holds production in mid december as it will have completed its annual production plan and gas from shares were better than the market as the gas giant agreed to a twenty percent discount which will carry it for ten years via its biggest year if you discount to date. all right that's all we have time for this hour coming up next it's the truth seeker with the daniel bush. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the clients could you just
already spend three months in this hospital and plans to stay for another four to add the coveted seven santa maters to his stature invented by the famed soviet orthopedic is good for you is there a from the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them apart and therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered lives will go when professor of design says first frame using bicycle parts sixty years later season is increasingly being used to help people what eager to fracture their legs to become a few centimeters taller than the ultimate goal is still the same fixing somebodies lives both literally and figuratively about a third of patients admitted to be always out of center nowadays
a seeking syringe refocus medical reasons most of them a man and most are not what you would call vertically challenged professor novick of who operated on many of them says it usually comes down to a man's pride some of the first patient to turn to us with a leg length in the request to meet his fifteen centimeters to still want to surgery because panos to than him we like to say that we need to break their legs in order to fix their head maybe nothing wrong with them from an orthopedic point of view but there is something psychological that prevents them from living their lives fully being happy and we fix it like lengthening surgeries abound in many countries and even the out there press. expanse safe in russia the entire course costs eleven thousand dollars about one tenth of the similar package in the united states financial considerations were one of the reasons that brought this washington state native to western siberia if his main motive for the surgery had
to do with how he fared in the auditors in america advertised as one seventy five i was one sixty seven or one sixty a console one eight centimeters would have brought me right to average users wanted to be average for women height isn't so important you know i think girl can be short and it's not a big deal like your guy is like expected to be taller just before the operation most this matter a russian girl who found he's a regional hide quite endearing yet he still want to have had the surgery adding seven more centimeters to he self-confidence she took told me the whole time you're crazy you're normal you're perfect. so now or should i call you so what a compliment for somebody who's used to falling short of his own expectations.
when i was on your bush show in the show with trace the wars obama faces in the next four years coming up an exclusive interview with a rock like obama. al gore with iran has already started and your textbook guide how not to invade a foreign country. as a bomber draws. so the white house for a second wails the president for a tough interview on his foreign policy but he chose an easier ride from the mainstream media so we'll use a little bit. change we can believe in tell us about your achievements. i've sent troops to
afghanistan. overseen record numbers of army suicides and defections. doctors say they've never seen such horrific injuries from improvised explosive devices. i think that's unbelievable change you won the nobel peace prize that puts you in superstar company that's right kissinger one in a while he was secretly shelling gamba this year's winner the european union illegally bombed libya. look their spending cuts are causing massive social unrest to their own people once on the move pays to liberate to live three yesterday as america's symbol of. evil us hailed as a hero when you promise to close it if it is not like
a politician to break his word especially old something so. you know what. we don't look back. a bomb has no moral right wing than george w. bush this peter could make with hollywood director all of a stone he's just written the untold history of the united states throughout the bush years many of us were furious that bush was actually doing surveillance on people without judicial review. but what obama has done is taken that one step further not only has he continued but you surveil. always he's but he's added now with these drone attacks he's at he's actually killing people we have to just review and you know the way this works bomb actually goes through the files and picks at the individuals to be targeted and assassinated.
by within hours of reelection the drone or it'll was launching more tuck's i have two words for you predator drones. you will never see it coming. you think i'm joking. he's not joking americans have been assassinated including a sixteen year old them go boy the reality is for every alleged militants kill fifteen innocent people when nato murdered an afghan go by mistake doug replied nato killed my twelve year old daughter and then told me we're sorry what does it mean what pain can be cured by this word sorry. despoiled so perhaps because of drone attacks insurgent numbers in the last four years of virtually doubled obama pretends it's been a success supporting the people of libya as they build a future that is free and democratic and prosperous. not invaded with the troops
war correspondent lizzie feeling witness to a so-called support in libya in syria she joins the truth seeker all libyans know building a free and democratic future yeah well it's the biggest. uk seymour and you can think they can bring create and democracy on the back. and well of course that never has been the case anywhere in the world go anywhere three and said to me not the case in libya and syria there was so much goodwill towards obama as he returns to the white house how has that changed. in an africa and a bentley has been responsible for more interventions than any other and equal mean you have. not only has he not ended the wars in iraq and afghanistan as you and he when he. was and yet in syria and every kind of intervention they are very. responsible for what's happening and there is
a. hatred and anger. hatred for his breath taking decision to aid of videos show militants shooting on their own people as they cry for mercy george galloway's u.k. member of parliament he's raised millions of dollars from victims of war and joins us now are you surprised america's all ming is worst enemy well definitely breathtaking but to those of us of a so it's a ridge most surprising united states created. or at least its forefathers in afghanistan in the first place to care less of the obvious that when dr frankenstein made it once. you lost control of it because it's that's why it's called among stuff you know nine eleven was the blowback first time around what about this time what we already have in libya the very people that the united states the united kingdom assisted into power in libya if indeed they are stable.
well the very people who among the american ambassador in benghazi a little you know the blow by didn't take long george bush had the excuse that he was an imbecile. or professorial president obama does not have to excuse the early signs in the first few days of his second term have been very very negative he has continued to fire these drones he joined them coming that's true mr president you can't see that i'm going to want to know that being because your wife's lying down beside your date without a head or without her limbs because you're lying in front of your eyes. this is a bomb on war on the one you can find. c.n.n. to show the most some sorts of cerebro month six.
you know moments of power like culpepper pulling the population. americans watch in horror as the loons point behind them shouting away on the best of the cold. unknown to many war with an even bigger middle east states has already begun america's crippling sanctions on iran is key uh no poil amounts to a military blockade of its oil ports that's an act of war as a dame of any is the author of lipstick jihad she joins the truth you can now you're one of the few u.s. correspondents reporting begin to be from iran will a military strike succeed. you reckon spoke with convinced that you're going in government that the only thing that can secure its long term security that little charity so would be to rebuild its nuclear program because the lesson will be to
weaponize we must have a nuclear weapon in order to protect ourselves in the future from what you see in the country all u.s. sanctions are actually working tensions have been imposed on iran for many years now and iran is closer than ever before to being able to acquire the capability it needs to weapon right its nuclear program so you can say i really sanctions and choking off of iran's financial system has had a different path back feeding a family is becoming a challenge for a good majority of iranians who are also seeing shortages in important medications . sanctions are just brought illness and hunger cause afghanistan and iraq mitigated dissolves there's more. to commit atrocities on their own and americans a lot of this bringing jim crow is opposed a soldier has exposed official or me training and. they feel your head was racist
nonsense like all arabs iraqis and afghans are hot. wants to hurt your family just some of the most hurtful and ridiculous propaganda but you'd be amazed at how effective it's been fostering my generation of soldiers. it's ironic says milton alamo d. the first black president is bringing racism back to america when soldiers a soldier like that comes back with that kind of mindset it means that he's also going to conduct himself in a similar manner against fellow americans and we have seen instances of people that were in the military and were involved in right wing extremism so it's not only a danger for how we conduct ourselves with the rest of the world but it's also and danger to the united states itself even been lulled and must be loafing in his grave his goal was to bankrupt the united states through war and that's exactly what's going on we spend one point two trillion dollars
a year on our military despite that fact the united states is not able to impose its will you know that is they spend a fraction as much percentage wise on infrastructure as does china as do other developing countries and i think has lost its direction and we see the effects of that and hurricane katrina and sandy you have bridges collapsing you've got roads buckling that's really embarrassing thing i'd say it's approaching a third world status so the world countries need a third way seek truth from folks this is the truth.
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